What is another word for real estate tax?
Pronunciation: [ɹˈi͡əl ɪstˈe͡ɪt tˈaks] (IPA) 
Real estate tax is a levy imposed on properties and real estate holdings. It is also known as property tax, land tax, or real property tax. Property tax is a mandatory payment imposed by local governments to fund public services, infrastructure, and schools. It is an annual tax calculated based on the value of the property and its location. Some other synonyms for real estate tax include land assessment, property levy, and land assessment tax. Although it may seem like a financial burden, real estate tax ensures that local services, such as roads, parks, and schools, are adequately funded to benefit the community as a whole.
